During London trade on Wednesday, the US Dollar moved away from the recently struck 2-week trough as FX traders’ expectations of an imminent Fed rate cut were reduced. The outbreak of the Coronavirus continues to weigh on sentiment, however, especially after the Centers for Disease Control in Atlanta warned that […]

The White House recently stated that the US President Donald Trump and his Indian counterpart Narendra Modi have agreed on “promptly” finishing the current trade negotiations, which would end up with signing phase 1 of a bilateral trade agreement. “They agreed to promptly conclude the ongoing negotiations, which they hope […]

Japanese stocks fell to four-month lows on Wednesday after a devastating day on Wall Street which saw U.S. stock benchmarks falling steeply. The Nikkei 225 eased 0.79 percent as of 3:12 p.m. HK/SIN, prompted by trader concern that the global economic slowdown will persist into Q2 thanks to a spread […]

Updated on February 26, 2020 U.S. stocks sold off strongly on Tuesday for the second consecutive day as traders remained fearful that the coronavirus would become a pandemic. Asian indexes were broadly lower on Wednesday, though without the severe losses seen on Wall Street. Several countries have started to ban […]

The Pound Sterling recovered in Tuesday trading in London as some improvement in risk appetite had FX traders paring their holdings of safe haven currencies.

Global markets were broadly lower on Tuesday, February 24, after a slew of new cases of coronavirus was announced around the world

European Union ministers are meeting in Brussels to sign their negotiating mandate for the trade talks with the UK.

U.S. stock prices plunged dramatically on Monday as the number of coronavirus cases outside of China spiked, raising concerns that further global economic problems are yet to come. The Dow Jones Industrial Average ended Monday down 3.56 percent, shedding 1,031.61 points, it’s worst decline in two years. During yesterday’s trading […]

Concerns that the Coronavirus is spreading hard and fast beyond the borders of China have pushed FX traders to the safe haven US Dollar, with the Australian Dollar and the Euro losing favor. Over the weekend, Italy, Iran and South Korea all reported new Coronavirus cases, with more than 150 […]

The German business sentiment index went up in February from the previous month’s 95.9 to 96.1, going against the analyst’s expectations who foresaw that the index was going to fall to 95.3. The report, released by the IFO research Institute, also states that the Current Economic Assessment was at 98.9 […]